An executive membership is an additional $60 upgrade fee a year. Is a Costco Executive Membership worth it? Now let's say the closest Costco to you is 60 miles, or approximately one hour away. 4% back on gas, 3% back on restaurants and travel, 2% off Costco purchases, in addition to executive membership 2%. Finally, the lofty executive membership costs double its counterparts, ringing in at $110 per year. I spend like $100/month = $1200 yr. but they give you your $ back if you dont make at least $50 in rebates. It makes sense to upgrade to the Executive Costco membership if you feel confident you will spend more than $3,000 per year at Costco on items that provide the 2% reward. At the end of the year, Costco will send you a check for the cash back you've accumulated. "This membership includes all the benefits of the basic Business one and allows you to earn a 2% annual reward, receive a Costco Services discount and a Costco Connection magazine every month," said Ramhold. A basic Costco Gold Star Membership, which is required to shop in the warehouse store in most but not all cases costs $60 a year. Answer (1 of 123): Costco is a polarizing store. If you're wondering if an executive membership at Costco is worth plopping down an extra $55 a year, we have the answer: Maybe. The Costco Executive membership costs $120 per year. However, remember that while the intent of Costco is to save money, you shouldn't be spending money on random unneeded items just to validate getting the more expensive card. Costco just announced that they are raising their annual membership fee 10% in the US and Canada as of November 1st, 2011. (To make back your $120 membership. Is a Costco Membership Worth It? What is the difference between a Gold Star and Executive Membership? This publication is packed with more options for you to save on Costco products and services. Since the Executive Membership costs $110 a year, our total membership fee would be about $26 once we cash in the rebate. May be subject to sales tax. . Not sure where you live but many people, myself included, would love being 10 minutes away from a Costco. That's $250/month or almost $60/week. Costco offers free tire balancing and rotation plus free flat repairs. This makes the Gold Star and Business memberships $55 and the Executive membership $110 per year. It all boils down to how much you spend . Please register to participate in our discussions with 2 million other members - it's free and quick! Costco is famous for its deep markdowns and overall lower prices on anything from mixed nuts to widescreen TVs. Finally, an "executive. Valid at all Costco locations worldwide. That Costco Anywhere Visa has a $55 annual fee, which includes membership to the store. A basic Costco membership costs $60 and gives you unrestricted access to Costco's product line. And, the cap on how much they will give you is $1,000 per year. The ability to book rental cars and hotel stays for less via Costco Travel likely makes the Executive membership worth the extra $60, provided you use the perk. Updated Costco Executive Membership Hours. 4% cash back on eligible gas for the first $7,000 per year and then 1% thereafter. So we need to see how the cost of gas plays into whether or not a Costco membership is worth it. Executive Membership: $120.00 Annual membership fee ($60 membership fee, plus $60 upgrade fee) Includes a free Household Card. If you have a business . Some of the top benefits of the Costco Executive membership are aimed at business members. 11 mo. The Gold Star membership costs $60 per year and includes two cardsone for you and one for . The reward is sent to you as a voucher that can be spent at Costco. Reply Reply with quote Oct 17th, 2015 10:37 am #10 If you use Costco for most or all of your home- or business-related purchases, your membership will likely pay for itself within months because of all of the money you'll save buying discounted items. That means if you spend on average more than that each . Executive Membership ($110): This membership gives back 2% on all of your purchases. . Pay attention because Costco often offers $70-$80 off certain brands of tires at different times of the year. If you plan to spend at least $500 a month on qualifying purchases, this . So what's the catch? They're inherently worth less than cash due to their narrow use. A basic Costco membership costs $60 and gives you unrestricted access to Costco's product line. Costco accepts all Visa cards, as well as cash, checks, debit/ATM cards, EBT and Costco Shop Cards. Costco offers two main membership options: Gold Star, which costs $60 annually, and Executive, which costs $120. Also asked, is it worth it to get a Costco executive membership? Honestly speaking, it all depends on how much you expect to spend. Click to see full answer Then, is it worth it to get a Costco executive membership? You need to save $4.58 a month to make your annual membership pay off (that's your $55 membership fee divided by 12 months). . Similarly, it is asked, is it worth it to get a Costco executive membership? The company's warehouses typically open from 10:00 to 20:30 from Monday to Friday. That is if you spend at least 500/month you're stupid not to take Executive. You will only benefit from Costco's low pricing for bulk merchandise. While there are several things to know before upgrading your Costco membership, one of the biggest ones to consider is whether or not upgrading to a Gold Star Executive membership is worth the $120 annual membership fee. If you are single then you probably don't need a Costco membership. . If I was an executive at Costco, I would absolutely be keeping track of what percent of those vouchers are ever actually spent. Gold Star Executive . Costco and Its Executive Membership; There is no denying that when it comes to grocery stores and retailers, Costco has emerged as a huge player in this industry. But how do you know if you spend enough for your annual reward to actually break even with the increased membership fee? The Gold Star membership is $60 a year, and the Gold Star Executive membership is $120 a year, which includes an annual 2% reward on Costco purchases and cheaper car rentals and hotel stays through. It also offers additional discounts on certain Costco services, like check printing and road-side assistance (via Costco ). The maximum 2% cashback reward that comes with Executive Membership will increase from $500 to $750. If you think that you will be a frequent shopper at Costco, then the Costco Executive membership is likely worth it. why doesnt everyone do Executive membership? Those are the exact numbers needed to get $120 in rewards and break even on the extra yearly cost in the membership fees. A basic Gold Star membership at Costco costs $60 annually ($120 for the Executive tier), so you would need to save at least $60 in purchases for your membership to be worth it. Updated Costco Executive Membership Hours. Similar to the Gold Star Executive membership, if you're buying for your business and plan to spend over $3,000 at Costco each year, this membership is the best value. Business Membership ($55 per person): This membership is geared toward business owners, with each person added to the plan costing an additional $55. Total rewards are capped at $1,000 per year Costco rewards check The cost of Costco membership. He gave me a brochure with all the benefits and additional services, some of which interest me but they don't. Each membership includes one free household Card. Simply put, it's worth it if the 2% cash back on purchases offsets the extra $60 per year. It is especially worth it if you get Executive Membership along with the Citi Costco Visa card. By contrast, an executive membership costs $120, so it's double the price of a regular membership . Not sure where you live but many people, myself included, would love being 10 minutes away from a Costco. This is really designed for big spenders at Costco because you receive 2% cashback on your Costco purchases, up to $1,000 each year. Considering the Costco Executive membership is $120 per year, or $60 more than the Gold Star membership, this means at a minimum, you need to spend at least $3,000 per year to make the extra cost worth it ($60 divided by 2% equals $3,000). Vouchers get lost, forgotten, etc. That's less than half the cost of the regular membership. As for your original question, in addition to other responses here there is also shopping on the Costco website. To me, it is worth it. Last year got back ~$78.this year on track for ~$150 due to major purchases for the house/backyard via costco online. Yes! It offers the same 2% back on purchases at the warehouse club as the Executive Membership, but the reward . You just have to learn how to shift your spending to Costco. There are also less interesting, more specialized Executive benefits. However, you'll get "additional benefits and greater discounts," and also 2% cash back on your qualified Costco purchases. My Costco membership is up for renewal in September and I was looking into upgrading to the Executive Gold Star membership. If you buy $3,000 worth of stuff at Costco every year, your Executive membership will pay you $60 in cash back just enough to pay for itself. Costco Executive Membership $120 annually for the Executive Membership 2% cash back up to $1000 and this is rewarded annually about two months before your Executive membership is set to expire Costco Gold Star Membership The cost for the Gold Star is $60 annually You may have heard that Costco makes their money mainly from membership fees. Some of the top benefits of the Costco Executive membership are aimed at business members.As long as you're spending over $250 a month at Costco, the executive membership is probably worth the extra cost, since you can make up the added fee with your cash back. Does the Executive membership really offer so much more than the regular membership, with its access to discounts on everyday products? As long as you're spending over $250 a month at Costco, the executive membership is probably worth the extra cost, since you can make up the added fee with your cash back. So, I'm paying an additional $60 to get 2% back. How much do you need to spend to break even from the Costco Executive membership?Keep your cards organized: http://amzn.to/2ne3VxA Filmed on this: http://amz. Costco Executive Membership cost. What does the Executive Membership cost? According to Costco, the Gold Star membership, which costs $60 annually, and the Gold Star Executive membership, which is $120 annually, both offer the ability to shop all Costco warehouses and Costco.com. Costco offers three different membership options: Gold Star Membership: The Gold Star is $60 per year and comes with two membership cards. As long as you're spending over $250 a month at Costco, the executive membership is probably worth the extra cost, since you can make up the added fee with your cash back. Executive members pay $120 while Gold Star ones pay $60 a year. A Costco membership is $60 a year. It has the same benefits as the Gold Star membership plus a few extras, like the annual 2% cashback reward, additional benefits, and greater savings on Costco services. Executive Membership: $120.00 Annual membership fee ($60 membership fee, plus $60 upgrade fee) Includes a free Household Card. Let's take a closer look at the added benefits of the Costco Executive membership: The Costco Executive Membership. If you normally spend over $500 or so a month at Costco, the cash back, plus the other perks of the higher-tier card, and Costco's prices probably make the . Bargain Babe breaks down the numbers here on whether a Costco Executive membership is worth it. Visa has no annual fee. Executive membership offers the following benefits. A Costco Executive Membership is worth buying. Costco-executive-membership. For additional information about Costco membership, please review the Member Privileges and Conditions. The company's warehouses typically open from 10:00 to 20:30 from Monday to Friday. Some people, however,. *Primary Members receive one free Household Card for anyone over the age of 18 and living at the same address. As Wirecutter points out, if you spend $250 per month ($3,000 per year), you'll make back $60, which makes the Executive membership equal in cost to a basic Gold Star membership. That. Definitely worth it for me for too many reasons to list here. So if a box of cereal is $1 cheaper at Costco, buying 5 would save you $5, and . . Some people have no idea how they would live without it and some are flabbergasted that anyone would pay for a membership to buy a lifetime supply of red vines. Annual 2% Reward on qualified Costco purchases (terms and conditions apply) Additional benefits and greater savings on Costco Services. Valid at all Costco locations worldwide. If you spend $250 a month, you'd break even on the extra cost. If you spend more than that, the higher-tier membership is a good bargain. You need to spend around $3,000 per year to absorb the $60 cost (Gold star membership) and $6,000 to absorb the $120 annual membership cost (executive). That means I need to commit to spending $3,000/yr just to break even. They were really pushing it when we first joined but I declined it because I wanted to get a feel for how well we liked the store and how much money we would spend in a years time. By contrast, an executive membership costs $120, so it's double the price of a regular membership . There are key . $500/month is the magic number. When you run the math, Costco Executive Membership is worth it if you spend more than $3,000 per year (or $250 per month) in-store or online with Costco. 3% cash back on restaurants and eligible travel purchases. Both memberships give you access to all Costco locations. I am a single household and Executive member and never giving it up. Other benefits offered with Executive membership can also be taken into consideration such as the additional discounts and offers you'll receive for being a member. level 2. For truly disciplined shoppers, it makes more sense to get the chain's Visa (NYSE: V) rewards card. But if you are somewhere in the middle, here are some ways to think of, "Is a membershi.